Corby Spirit and Wine (TSE:CSW.A) Shares Cross Above 50-Day Moving Average of $13.22

Corby Spirit and Wine Ltd (TSE:CSW.A)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.22 and traded as high as C$13.48. Corby Spirit and Wine shares last traded at C$13.42, with a volume of 12,005 shares traded.

Corby Spirit and Wine Trading Down 0.1 %

The business’s 50-day simple moving average is C$13.22 and its two-hundred day simple moving average is C$13.25. The stock has a market capitalization of C$325.70 million, a price-to-earnings ratio of 15.98 and a beta of 0.28. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77.

Corby Spirit and Wine Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.56%. This is a positive change from Corby Spirit and Wine’s previous quarterly dividend of $0.21. Corby Spirit and Wine’s dividend payout ratio (DPR) is 104.76%.

Insiders Place Their Bets

In other news, Director Pamela Laycock bought 7,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was acquired at an average cost of C$13.15 per share, for a total transaction of C$92,050.00. 51.99% of the stock is owned by company insiders.

About Corby Spirit and Wine

Corby Spirit and Wine Limited manufactures, markets, and distributes spirits and imported wines. Its portfolio of brands include J.P. Wiser's Canadian whiskies, Lamb's rum, Polar Ice vodka, Ungava Spirits, Foreign Affair, and McGuinness liqueurs; and international brands comprise ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlúa liqueur, and Mumm Champagne, as well as Jacob's Creek, Stoneleigh, Graffigna, Campo Viejo, and Wyndham Estate wines.